Cisco rumors on selling Linksys and Webex

Rumors about on Cisco selling Linksys and Webex

 

Rumor is that Cisco is planning to sell off Linksys and Webex. Cisco have not attempted to squash the rumour! Checkout the following links:

 

http://www.theregister.co.uk/2011/05/18/cisco_linksys_sell_off/

http://www.networkworld.com/community/node/73984   

http://www.bizjournals.com/sacramento/news/2011/05/18/cisco-seen-near-sales-of-linksys-webex.html

 

Cisco wants to cut $1 billion dollars and they are doing that by reducing product lines and jobs. This is going to be crunch time for Cisco as according to Network world this could result in the elimination of 4,000 jobs!! – that would be the largest layoff in Cisco's history. Cisco is already offering early retirement to US and Canadian employees over 50 years old – so much for loyalty.